July 02
Nigeria: Nigeria's Biggest Epcc Firm, Nestoil Says 'Briefcase' Contractors Killing Oil Industry
Nestoil, Nigeria's biggest Engineering, Procurement, Construction & Commissioning (EPCC) company yesterday said that the principle of 'lowest bidder' which has been taken… Read more »
July 01
Nigeria: Oil Theft - Blame Big Players, Not Ijaw Youths, Senator Dickson Insists
Senator Seriake Dickson representing Bayelsa West Senatorial District in Bayelsa State, over the weekend, insisted that those behind incessant oil thefts in the Niger Delta were… Read more »
June 27
Nigeria: Arewa Group Blames 'Enemies of Nigeria' for Fire At Dangote Refinery
A Northern group, Arewa Think Tank (ATTK), yesterday said that those who do not want the owner of Dangote Refinery, Aliko Dangote to succeed were behind the fire incident that… Read more »
Nigeria: Oil Refiners Back Dangote, Decry IOCs' Refusal to Sell Crude to Local Refineries
·Say support for local production will guarantee price reduction Read more »
June 26
Nigeria: Unlocking Oil Assets Through Nuprc's Innovations in Bidding Process
The Nigerian Upstream Petroleum Regulatory Commission's focus on production bonus rather than high signature bonus in Nigeria's oil block bidding process will no doubt encourage… Read more »
June 25
Nigeria: Over 1,800 Filling Stations Shut in North-East As Govt Moves Against Fuel Smuggling
Nearly 2,000 petrol outlets were shut in Nigeria's North-east yesterday to protest against an anti-smuggling operation that targeted some operators, the local head of the… Read more »
Nigeria: Oil Companies Flared Record Gas Volume in 2023 - World Bank
Oil companies around the world last year burned off the most natural gas in five years while also increasing the intensity of the highly polluting practice, a World Bank report has… Read more »
June 24
Nigeria: Dangote Refinery - IOCs Plotting Our Failure By Declining to Sell Local Crude Despite Paying Premium
The management of the 650,000 barrels per day (bpd) Dangote Refinery at the weekend accused International Oil Companies (IOCs) operating in Nigeria of planning to ensure the… Read more »
June 20
Nigeria: Setback for Nigeria's Plan to Raise Oil Output As Aiteo Shuts Nembe Field After Leak
Nigeria's aspiration to increase oil production significantly in the coming weeks suffered a setback yesterday after one of the country's biggest indigenous hydrocarbons producers,… Read more »
Nigeria: NNPC, TotalEnergies to Invest $550m On Gas Infrastructure to Boost Domestic, Export Supplies
The Nigerian National Petroleum Company Limited (NNPC) and its partner, TotalEnergies, have agreed to invest $550 million for the development of a gas processing facility in… Read more »
June 19
Nigeria: Aiteo Temporarily Shuts Down Nembe Oil Field After Leak
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, Wednesday confirmed it had detected an oil leak at its Nembe swamp… Read more »
June 18
Nigeria: New Report Says Nigeria's Liquefied Natural Gas Expansion Drive Faces Severe Future Risks
Although Nigeria is embarking on massive expansion of its Liquefied Natural Gas (LNG) footprint with many big ticket projects, like the Train-7, there are several risks to be… Read more »
June 13
Nigeria: Troops Kill 197 Terrorists, Destroy 43 Illegal Refining Sites in One Week
The Defence Headquarters (DHQ) Thursday, said that troops across all theatres of operations have killed no fewer than 197 terrorists, apprehended 310 and uncovered and demobilized… Read more »
Nigeria: I Have Paid $2.4 Billion of $5.5 Billion Borrowed to Build Refinery, Eyes Steel Production - Dangote
Africa's richest person and founder of the Dangote Group, Mr Aliko Dangote, yesterday disclosed that he had already offset about $2.4 billion of the $5.5 billion he borrowed to… Read more »
June 11
West Africa: Nigeria's Crude Oil Export Rises Over 50 Percent, Hits $15.4tn in Q1
Nigeria's crude oil production made significant recovery in the first quarter of 2024, with the country raising its export of the commodity by 50.2 per cent to N15.4 trillion… Read more »
Nigeria: Savannah Announces 23,600bpd Oil Production, $260.9m Earnings
Savannah Energy Plc, a British independent energy company operating in Nigeria has announced its performance for last year, with its production total revenues as at December 31… Read more »
June 12
Nigeria: NUPRC Slashes Signature Bonuses for Oil Blocks to $10m for Deepwater, $7m for Shallow Water
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has cut the bonuses payable by awardees in the 2022 and 2024 bid rounds to a maximum of $10 million for deepwater… Read more »
June 11
Nigeria: NNPC Disclaims Report On Alleged N3.3 Trillion Inflated Subsidy Claims
The Nigerian National Petroleum Company Limited (NNPC ) yesterday said it noted with dismay a report in a section of the media alleging that it inflated petrol subsidy claims by… Read more »
June 06
Nigeria: Edo Community Protests Over Alleged Maltreatment By Oil Company
Residents of Evbohenoba Community in Orhionmwon Local Government Area of Edo State have protested the alleged ill treatment being meted out to them by Summit Oil International and… Read more »
June 05
Nigeria: Petroleum Training Institute Matriculates 1,793 Students
The Petroleum Training Institute (PTI), Effurun, Delta State has matriculated 1,793 students for its 2023/2024 academic session. Read more »
June 03
Nigeria: Lokpobiri - FG Will Continue to Rely On Pti for Manpower Devt in Oil Sector
*Institute matriculates 1,793 students Read more »
June 04
Nigeria: Championing Call for Environmental Protection, Sustainability in the Niger Delta
Following Shell Nigeria's decision to cease its onshore oil and gas operations in the country, the Corporate Accountability and Public Participation Africa (CAPPA) and the Health… Read more »
June 03
Nigeria: Nigeria Reaffirms Commitment As Opec Extends Oil Output Cuts Into 2025
The Organisation of Petroleum Exporting Countries (OPEC) and its allies yesterday agreed to extend most of its deep oil output cuts into 2025, exceeding market expectations. Read more »
June 02
Nigeria: Tinubu Inaugurates Three Ships, Two Helicopters to Boost Navy's Fight Against Oil Theft
President Bola Tinubu has inaugurates three ships and two helicopters at the Naval Dockyard, Victoria Island, Lagos, to boost the fight against crude oil theft and other insecurity… Read more »
May 30
Nigeria: NNPC, Exxonmobil Agree On $1.28bn Divestment As Deal Nears Completion
Finally, the Nigerian National Petroleum Company Limited (NNPC) and ExxonMobil Thursday agreed on a settlement deal for the planned $1.28 billion assets' divestment deal by the oil… Read more »